The manufacturing sector saw slower growth in July from the prior month, as companies and suppliers continued to struggle to meet increasing levels of demand.
September 2, 2021The manufacturing sector contributes 15 per cent of the country’s gross domestic product (GDP), which makes it is one of key sources of employment.
March 1, 2021The Industrial Outlook Survey of the Manufacturing Sector for Q2:2020-21' noted that respondents maintained negative sentiments on selling price.
October 12, 2020In April, the index had slipped into contraction mode, after remaining in the growth territory for 32 consecutive months.
October 1, 2020The drop seen in the manufacturing PMI reflected the sharpest deterioration in business conditions across the sector since data collection began over 15 years ago.
May 4, 2020Interestingly, as per the data furnished by the National Statistical Office (NSO), the revised second quarter GDP growth rate stood at 5.1 per cent from the earlier 4.5 per cent.
February 28, 2020Now with the majority of China-based production factories remaining closed the cost of a variety of products, primarily white goods, is expected to hit the ceiling.
February 19, 2020The report said that the percentage of respondents expecting low or static production is 59 per cent in the first quarter of 2019-20, which was 46 per cent in the previous quarter.
June 23, 2019The country’s new industrial policy which is at a draft stage will focus on ways to increase the share of manufacturing sector in the GDP, Commerce and Industry Minister Suresh Prabhu said on Friday. Addressing the News18 Rising India Summit, he said that the draft of the new “Industrial Policy’s” is ready and the government …
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March 17, 2018The overall health of India’s manufacturing sector improved in August due to resumed growth of new orders, production and employment, a key macro-economic data showed on Friday. The Nikkei India Manufacturing Purchasing Managers’ Index (PMI), which is a composite indicator of manufacturing performance, stood at 51.2 in August, up from the index reading of 47.9 reported …
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September 1, 2017Manufacturing in India bounced back in August from previous month’s GST-related contraction amid resumed growth in new orders, production and employment, a survey said today. The Nikkei India Manufacturing Purchasing Managers’ Index (PMI) rebounded to 51.2 in August from a low of 47.9 in the previous month, indicating a substantial turnaround from July’s GST-related contraction. …
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September 1, 2017Manufacturing and engineering are thriving sectors at the heart of any economy. They generate jobs, promote economic growth and increase global trade. Manufacturing engineers therefore play a vital role in integrating technology and management within the sector to achieve added value and deliver superior performance. The Government of India’s Make in India initiative is encouraging …
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July 24, 2017Industrial and military explosives manufacturer Solar Industries India (SIIL) is expecting Rs.100 crore revenue from its defence business this fiscal as it eyes 20 per cent increase in total income. "We are bullish about the government's initiatives in the defence sector. It is not only focusing on strengthening it but is also promoting indigenous defence …
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June 4, 2017